Stock markets tend to surge on the penultimate trading day before holidays due to investors' optimism and increased spending, with retailers' share prices particularly benefiting, and some traders using the holiday period to gain tactical advantages in the market.
Stocks rallied on Friday after a positive jobs report, with employment increasing and wage growth slowing, leading major U.S. indexes to close the week in the black; upcoming reports on producer and consumer inflation will provide further insight for policymakers.
Meredith Whitney, also known as the "Oracle of Wall Street," predicts a correction in the US housing market due to a reversal in supply-demand dynamics caused by demographic shifts, potentially leading to a decline in home values, with states like Pennsylvania, Connecticut, New Jersey, and Illinois being particularly vulnerable.
Bitcoin (BTC) faces resistance at $28,000 as geopolitical uncertainty affects traders, but analysts predict a potential breakout and a move towards $30,000.
Tech insiders gathered at Manifest, a conference about prediction markets, where attendees could wager on future events and topics, signaling a revival of prediction markets as a way to search for truth and fix societal issues, although obstacles such as legal restrictions and ethical concerns remain.
Stock markets in Israel and the Middle-East opened with significant losses following an unexpected assault by Hamas on Israel, indicating a potentially unstable week ahead.
The recent Israel-Palestine conflict may cause a temporary spike in crude oil prices, but the overall impact on global oil supply is expected to be limited unless the conflict escalates further.
The euro's value may fall to parity with the dollar again as US yields rise and concerns about euro-area growth and inflation persist.
The US manufacturing sector's potential growth after 11 months of contraction may lead to an increase in diesel demand, which could raise trucking and logistics costs and raise concerns about inflation.
Sales of three-cylinder engines in the United States have surged to over 6% of the market since 2019, while sales of six- and eight-cylinder engines have been declining.
The market capitalization of stablecoins has dropped by 35% in the past 18 months due to factors such as reduced retail participation, surging US treasury yield, and high opportunity cost, with only a few stablecoins like USDT remaining resilient and dominant in the market. The decline is attributed to traditional finance rates exceeding crypto-native yields, and the market share decline of US-native stablecoins is seen as a result of U.S. regulation hostility. Stablecoins are considered the "killer app" of the crypto industry, comprising a significant portion of settlement activity on public blockchains. The trend is expected to reverse when there is revived interest in crypto trading, steady interest rate cuts, and a pro-crypto regulatory environment.
The ongoing conflict between Israel and Gaza's Palestinians jeopardizes a potential US-brokered deal to normalize Saudi Arabia's relations with Israel and ease oil prices.
Apple's stock, despite recent declines, remains an attractive long-term investment due to its successful track record in dominating various tech markets, its undervalued price-to-earnings ratio, and the booming growth of its services business.
New car registrations in the UK increased by 21% in September, the 14th consecutive month of growth, with electric vehicle numbers also rising by 18.9%, despite the government's decision to postpone the ban on new petrol and diesel vehicles until 2035.
The stock market rebounded despite a strong jobs report and higher Treasury yields.
Traders can either take an anticipatory or reactive approach to market timing, but the author recommends the reactive approach, which focuses on price action and confirmation of trends rather than predicting market movements.
Deion Sanders, capitalizing on his fame, has filed for various trademarks including "bull junk" and "give me my theme music," while Colorado's recent losses have not stopped the celebrations surrounding him; his former teams, the 49ers and Cowboys, will face off on Sunday night and neither team has won a Super Bowl since Sanders played.
Timing the market is futile in the volatile cryptocurrency market, with the monthly returns of Bitcoin and Ethereum being almost indistinguishable between bullish and bearish markets, suggesting that consistent investing strategies like dollar cost averaging are more effective.
With interest rate markets pricing in a peak in central bank tightening cycles, equity markets have been unable to establish lasting directional trends, leading to range trading and the need to identify reversals for potential trade opportunities.
Investing $10,000 in Nike stock 20 years ago would have resulted in nearly $160,000 today, demonstrating the success of stock-picking when the right stocks are chosen; three stocks worth holding for the next few decades are McDonald's, Shopify, and Amazon.
The US housing market is facing challenges due to a supply and demand imbalance, construction and labor shortages, rising home prices, and competition, but potential buyers can optimize their purchasing power by being realistic, getting pre-approved, exploring down payment assistance, focusing on financial health, and consulting professionals.
Despite recent volatility in the stock market, there are four growth stocks - Alphabet, Fiverr International, CrowdStrike Holdings, and Baidu - that long-term investors should consider buying at a discount after the Nasdaq bear market dip.
Fund manager Sunil Subramanium discusses the challenge of dealing with recency bias and the limited number of stocks in the small cap universe, highlighting the importance of investing in quality companies with sustainable growth, good corporate governance, and market share gains, as well as conducting thorough research to determine long-term value and implementing diversification strategies.
Walgreens Boots Alliance's stock price decreased by 1.67% compared to the previous day, while the S&P 500 gained 1.18%; the company's upcoming earnings report is expected to show a 15% decrease in EPS.
NextEra Energy's stock price increased by 1.6% in the latest market close, outpacing the gains made by the S&P 500, Dow, and Nasdaq; however, its shares have depreciated by 25.36% over the past month, underperforming the Utilities sector. The company is expected to release its earnings soon, with projected increases in earnings per share and revenue. While recent estimate revisions for NextEra Energy have been downward, the company holds a Zacks Rank of #3 (Hold). The company's valuation indicates a premium compared to its industry average, and it currently trades at a PEG ratio of 2. The Utility - Electric Power industry, to which NextEra Energy belongs, has a Zacks Industry Rank of 65, putting it in the top 26% of all industries.
Lucid Group (LCID) ended the most recent trading session with a slight decrease in stock price, while the S&P 500 and other indices experienced gains; the upcoming earnings release and analyst projections for Lucid Group are of great interest to investors.
Boeing's stock closed with a slight increase of +0.59% and is set to release its earnings report on October 25, 2023, with an expected upward movement in EPS and revenue compared to the previous year.
The author discusses their perspective on the market, stating that they believe a reversal is in sight and that the low interest rate environment has influenced their investment strategy, favoring both long-duration assets and value names. They also mention potential opportunities in bonds and emerging markets, as well as their short-selling philosophy.
Earnings season begins next week with reports from major banks and financial institutions, while Amazon will host its "Prime Big Deal Days" event, and inflation updates will be released.
Firsthand Technology Value Fund, a venture capital fund that invests in technology and cleantech companies, has decided to delist its common stock from the Nasdaq Global Market and expects the delisting to become effective on October 26, 2023.
Pakistan's gold market is experiencing a lack of activity and declining sales due to a government crackdown on smuggling and tax evasion, as well as administrative measures in the currency market that caused the appreciation of the rupee. Gold traders are complaining about the lack of cash in the market and customers are postponing buying due to expectations of further decline in gold prices. Official gold rates have not been released since September 13, leaving consumers feeling confused.
Consumer Financial Protection Bureau Director Rohit Chopra expresses concern that if the Supreme Court invalidates the agency's funding structure, it would create uncertainty for the mortgage industry and cause difficulties for consumers, while also warning that the US payment system is moving towards a Chinese-style system that blurs the lines between banking, money, and payments.
Wall Street rallies as strong jobs report exceeds expectations, with the S&P 500 gaining 1.2%, the Dow Jones climbing 0.9%, and the Nasdaq rising 1.6%.
The September jobs report shows a robust job market, but rising inflation and slow wage growth are making Americans feel worse about the economy.
Wall Street rallies as investors analyze strong US job market report, though concerns about inflation and high interest rates persist.
The market for U.S. Treasury bonds is experiencing the biggest bear market in history, with a decline of almost a quarter of its value since 2020, surpassing previous bear markets in the 19th century, according to analysts at Bank of America. Exchange-traded funds (ETFs) exposed to U.S. Treasurys, such as the iShares 20+ Year Treasury Bond ETF, have been heavily impacted.
The rise in Treasury bond yields above 5% could lead to a more sustainable increase and potential havoc in financial markets, as investors demand greater compensation for risk and corporate credit spreads widen, making government debt a more attractive option and leaving the stock market vulnerable to declines; despite this, stock investors appeared unfazed by the September jobs report and all three major stock indexes were higher by the end of trading.
Investors tend to overlook the gradual impact of the decoupling between China and the world's two largest economies while focusing on the risk of a potential invasion of Taiwan.
The recent rise in interest rates and bond market rebellion against America's debt politics is causing concern, impacting the real economy with higher mortgage rates and a slump in stocks, leading to voters expressing discontent with the Biden economy.
In an ever-changing and volatile market, adaptive leadership is not just a choice but a necessity for making informed decisions and driving long-term success. Entrepreneurs who possess resilience, agility, and the ability to learn from setbacks can thrive in uncertain times and use market volatility as an opportunity for growth and innovation.
U.S. employers added 336,000 jobs in September, surpassing expectations, but the strong job growth could complicate the Federal Reserve's efforts to control inflation.
Amid an oversold stock market, stocks from various sectors including energy, technology, and materials were selected for investment, along with a former Club chipmaker and a premium beer name being upgraded to a buy rating, while a once-downtrodden health-care stock was trimmed after Friday's market reversal.
The US Consumer Financial Protection Bureau's (CFPB) funding structure is being challenged in the U.S. Supreme Court by payday lenders, who argue that it is unconstitutional; CFPB Director Rohit Chopra reaffirms the agency's commitment to its work while expressing concerns over big tech and payment systems that are merging banking payments with commercial activities and potentially trafficking fraud.
Turkey's steel industry faces numerous challenges, including geopolitical and economic pressures, but is showing signs of adaptation and resilience with increased activity in the futures market and plans for green steel production.
Certain housing markets, including Allentown, Bethlehem, and Easton in Pennsylvania, have experienced significant price growth over the past four years, raising potential risks for buyers. Other markets such as Knoxville, Tennessee, Cape Coral and Fort Myers, Florida, Boise City, Idaho, and Portland and South Portland, Maine, have also seen substantial price increases driven by remote work during the pandemic. While it may not be a bad idea to buy in these areas, potential buyers should not expect significant price appreciation driving equity growth in the future.
The latest report from the U.N. Framework Convention on Climate Change warns that the world has a limited time to prevent catastrophic warming, but also highlights progress in areas such as carbon pricing, innovative financing, and climate technology.
London-based money managers Ruffer & Co are anticipating an imminent stock market crash and have positioned their flagship Total Return fund with almost 60% in cash and short-term bonds, along with investments in gold, inflation-linked bonds, and the Japanese yen, in preparation for the potential fallout.
The surge in Treasury yields has negatively impacted stocks with bond-like qualities, particularly in sectors such as utilities and consumer staples, leading to significant losses for bond proxies.
Stocks rose on Friday, driven by a stronger-than-expected US jobs report, which increased expectations for a Federal Reserve interest rate hike and bolstered the case for the Fed to maintain elevated rates for a longer period of time.
China is reshuffling its US debt assets rather than selling off its Treasury holdings, according to Brad Setser, a former Treasury official, who argues that China's reported holdings of US assets have remained stable since 2015 when adjustments are made for offshore custodians and third-party management.